Retal Urban Development Co. (4322)

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News

15 October 2025 03:00 AM Retal’s unit, PIF-backed ROSHN team up for SAR 462m residential project

Riyadh - Mubasher: Building Construction Company, a subsidiary of Retal Urban Development Company, has inked a SAR 461.90 million contract with ROSHN Group, a Public Investment Fund (PIF) company, on 14 October.The 28-month contract aims to design an

Companies Investments

1 June 2025 03:00 AM Retal appoints Chairman, Vice Chairman for new board term

Riyadh – Mubasher: Retal Urban Development Company announced two key appointments for a new board term that began on 26 May 2025 and will end on 25 May 2029.The company named Ibrahim Abdullah Abdullatif Al Fozan as the board’s Chairman for the next f

Board of Directors

2 March 2025 05:02 PM Retal’s sales hit SAR 2bn in 2024; dividends for H2 unveiled

Riyadh – Mubasher: Retal Urban Development Company logged net profits after tax valued at SAR 266.12 million in 2024, an annual rise of 31.51% from SAR 202.35 million. Sales hiked by 50.92% year-on-year (YoY) to SAR 2.06 billion at the end of …

Financial Results

8 January 2025 06:00 PM Retal unveils SAR 374m development deal

Riyadh – Mubasher: Retal Urban Development Company inked a contract with its subsidiary Building Construction Company to develop 285 residential units in the Murcia zone. The two entities penned the agreement at a value of SAR 374 million on 7 …

Companies Investments

1 January 2025 10:57 AM Retal starts Business Park Fund liquidation via SAR 470m sale project

Riyadh – Mubasher: Retal Urban Development Company began the procedures to liquidate the Business Park Fund by selling the project with total a value of SAR470 million. The Tadawul-listed company received a notification from the fund manager …

Companies Investments

18 December 2024 05:56 PM Retal seals SAR 349m development agreement

Riyadh – Mubasher: Retal Urban Development Company signed an agreement, on 16 December 2024, with its subsidiary Building Construction Company Limited at a value of SAR 349 million. The two entities will establish 502 residential units in Al …

Real estate

21 November 2024 11:10 AM Retal inks over SAR 112.5m development deal

Riyadh – Mubasher: Retal Urban Development Company signed an agreement with its subsidiary Building Construction Company to develop 60 residential units in the Al Mohammedia district. The deal was valued at SAR 112.67 million, with a 30-month …

Companies Investments

17 November 2024 10:31 AM Retal, Al Bilad Capital launch SAR 2bn development fund

Riyadh – Mubasher: Retal Urban Development Company penned a memorandum of understanding (MoU) with Al Bilad Capital Company to launch a closed real estate investment fund with an estimated value of SAR 2 billion. The fund will be created to …

Real estate

3 October 2024 09:57 AM PIF’s Roshn secures SAR 9bn credit facility; development agreement with Retal unveiled

Riyadh – Mubasher: Roshn Group, a subsidiary of the Saudi Public Investment Fund (PIF), has secured a SAR 9 billion ($2.4 billion) syndicated credit facility, according to a press release. The unsecured revolving credit facility holds a five-year …

Banking and Finance

2 October 2024 09:13 AM Retal to establish SAR 142.5m development project in Riyadh

Riyadh – Mubasher: Retal Urban Development Company signed a SAR 142.39 million deal with its subsidiary Building Construction Company Limited, according to a bourse disclosure. Under the contract, the two companies will join forces to develop 263 …

Real estate

31 July 2024 11:40 AM Retal registers 19.5% higher profits in H1-24; dividends announced

Riyadh – Mubasher: Retal Urban Development Company posted19.46% year-on-year (YoY) higher net profits at SAR 134.45 million in the first half (H1) of 2024, compared to SAR 112.54 million. The revenues amounted to SAR 964.30 million in H1-24, …

Board of Directors

21 May 2024 10:54 AM Retal’s subsidiary inks SAR 2.8bn deal with PIF-owned Roshn

Riyadh – Mubasher: Building Construction Company Limited, a subsidiary of Retal Urban Development Company, was awarded a SAR 2.89 billion project contract with Roshn Group. The listed company’s unit inked the deal with Roshn, owned by the Saudi …

Companies Investments

19 May 2024 00:59 PM Retal inks SAR 660m agreements with Saudi Arabia's National Housing Company

Riyadh – Mubasher: Retal Urban Development Company has signed SAR 660 million sub-development agreements with Saudi state-owned National Housing Company to develop 295 residential Units in the Murcia zone in Riyadh's Khozam suburb. The two …

Real estate

9 May 2024 04:23 PM Retal’s Q1-24 net profits leap 50%; revenues cross SAR 500.5m

Riyadh – Mubasher: The net profits after tax of Retal Urban Development Company hiked by 49.92% to SAR 62.28 million in the first quarter (Q1) of 2024, versus SAR 41.54 million in Q1-23. The Saudi firm generated  revenues valued at SAR 500.63 …

Financial Results

28 April 2024 04:18 PM Retal Urban Development seals SAR 240m deal with subsidiary

Riyadh – Mubasher: Retal Urban Development Company has signed a SAR 240 million agreement with its subsidiary Building Construction Company to build eight residential buildings in Riyadh. The agreement was signed on 25 April 2024 for 26 months, …

Companies Investments

28 February 2024 11:15 AM Retal Urban Development posts over 17% YoY lower profits in 2023; dividends unveiled

Riyadh – Mubasher: Retal Urban Development Company reported a 17.66% year-on-year (YoY) decline in net profit to SAR 202.35 million in 2023 from SAR 245.74 million a year earlier. On the other hand, revenues surged 23.52% YoY to SAR 1.36 billion …

Financial Results

29 January 2024 02:22 PM Retal unveils development agreement worth SAR 48m

Riyadh – Mubasher: Retal Urban Development Company and its subsidiary Building Construction Company inked a SAR 48 million deal to construct four residential buildings in the Alsadafah district in Khobar. The agreement holds a duration period of …

Companies Investments

29 November 2023 03:09 PM Retal inks SAR 375m purchase deal with PIF’s subsidiary Roshn

Riyadh – Mubasher: Retal Urban Development Company signed an agreement to purchase residential lands with Roshn Real Estate Company, a subsidiary of the Public Investment Fund (PIF). The listed company will develop 363 residential units in the …

Real estate

28 November 2023 09:24 AM Retal awarded development project worth SAR 1.2bn

Riyadh – Mubasher: Retal Urban Development Company inked a contract with Jubail and Yanbu Industrial Cities Services Company (Jabeen) for a development project at an estimated value of SAR 1.20 billion. The two parties will establish primary and …

Real estate

21 November 2023 10:28 AM Retal, National Housing team up for SAR 925m development projects

Riyadh – Mubasher: Retal Urban Development Company joined forces with the National Housing Company for two development projects at an estimated value of SAR 925 million. The agreements are expected to reflect positively on the Tadawul-listed …

Real estate

7 November 2023 03:43 PM Retal’s net profits drop 20% in 9M-23

Riyadh – Mubasher: Retal Urban Development Company reported a 20.32% decline in net profit after Zakat and tax to SAR 145.98 million in the first nine months (9M) of 2023, compared to SAR 183.20 million in the same period of 2022. Meanwhile, the …

Real estate

25 April 2023 05:30 PM Retal pens over SAR 418m contract with National Housing

Riyadh – Mubasher: Retal Urban Development Company and National Housing Company inked a development agreement worth SAR 418.31 million on 18 April, according to a bourse disclosure. Under the 42-month deal, the two companies will team up to …

Companies Investments

12 April 2023 00:55 PM Retal establishes SAR 65m Rimal Park Fund

Riyadh – Mubasher: Retal Urban Development Company has launched a private real estate fund under the name Rimal Park at an estimated value of SAR 65 million, which is equivalent to 33% of the fund's equity. Besides developing a business complex, …

Real estate